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Arvind Ltd raises Rs100 crore from NCDs

LiveMint logoLiveMint 29-09-2017 PTI

New Delhi: Textiles-to-retail conglomerate Arvind Ltd on Friday said it has raised Rs100 crore through issuance of non-convertible debentures on private placement basis.

“The company has raised Rs100 crore by allotment of 7.79%—1,000 unsecured, listed, rated, redeemable non- convertible debentures of face vale of Rs10 lakh each on private placement basis,” Arvind said in a regulatory filing.

Arvind Ltd however did not inform about the end use of the funds. The company’s scrip closed at Rs370.65, up 0.50% from its previous close on BSE, while the Sensex closed 1.24 points up at 31,283.72.

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